Acquisitions11 Mar 2026, 07:31 pm
Samvardhana Motherson International Completes Acquisition of 81% Stakes in Yutaka Giken Co., Ltd.
AI Summary
Samvardhana Motherson International Limited has completed the acquisition of 81% stakes with voting rights in Yutaka Giken Co., Ltd. (YGCL) and 11% stake in Shinnichi Kogyo Co., Ltd. through its indirect wholly owned subsidiary, Motherson Global Investments B.V. The acquisition was completed following necessary regulatory approvals and procedures under competition laws of several countries. The tender offer was launched on February 9, 2026, under the Financial Instruments and Exchange Act of Japan, and completed on March 10, 2026. MGI B.V. purchased 1,408,867 common shares of YGCL at a price of JPY 3,024 per share.
Key Highlights
- Samvardhana Motherson International Limited acquired 81% stakes with voting rights in Yutaka Giken Co., Ltd. and 11% stake in Shinnichi Kogyo Co., Ltd.
- The acquisition was completed following necessary regulatory approvals and procedures under competition laws of several countries.
- Motherson Global Investments B.V. launched a tender offer on February 9, 2026, under the Financial Instruments and Exchange Act of Japan.
- MGI B.V. purchased 1,408,867 common shares of YGCL at a price of JPY 3,024 per share.
- The settlement date for tendered shares is March 17, 2026.